Cannabis Law Report

NOVEMBER 29, 2021

These legislative victories mark a significant change from past years, when similar laws were primarily enacted via citizens’ initiatives, not by legislative action. In total, 18 states — comprising nearly one-half of the US population — now have laws on the books regulating adult use marijuana production and retail sales.

Legislation

Canna Law Blog

OCTOBER 28, 2019

Seems like not a month goes by in California where the Assembly isn’t trying to pass a slew of cannabis bills to help regulate the state’s industry under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”). State tax deductions. . And October was no different.

Research and Development

SpeedWeed

MARCH 14, 2021

In the end, one retail store license, a Clark County Canopi location currently operating as Wallflower, and five cultivation and production permits were sold, pending final approval by state regulators. million in state and local taxes owed forced the company to shutter its businesses, including three dispensaries, in April 2019.

Business

Connor & Connor PLLC

AUGUST 30, 2018

In that case, the IRS audited a Colorado business licensed for the cultivation and sale of medical marijuana. A 2014 FinCEN memo stated as follows: “Because federal law prohibits the distribution and sale of marijuana, financial transactions involving a marijuana-related business would generally involve funds derived from illegal activity.

Business

Greenspoon Marder Cannabis Law Group Blog

JUNE 25, 2021

The courts have consistently held that marijuana dispensaries operating in compliance with state law are trafficking in controlled substances and are subject to Section 280E.[11] Separate books and records should be maintained for each separate “trade or business.”. 2) Dividends paid by the U.S. 5% withholding tax. (3)

Business

Connor & Connor PLLC

NOVEMBER 27, 2019

In Nevada, the Nevada Administrative Code (NAC) explicitly states that the Department of Taxation may not compel the “production of books or papers that contain individually identifiable health information.” [2] 1] [link]. [2] 2] Nevada Administrative Code 453D.968.

Dispensary

Canna Law Blog

MARCH 19, 2019

I’ve written about the various hemp laws in California and how confusing they are previously (see here and here ). The reality is that California is far behind many other states when it comes to hemp. There is actual law on the books for cultivation, but it mostly sat there for a few years and is only now coming to light.

Cultivation

NORML

JANUARY 15, 2019

In an era when 47 states have laws on the books that defy the Schedule 1 status of cannabis, it makes no sense from a political, fiscal, or cultural perspective to try to put this genie back in the bottle.”. Supporters of reform efforts can easily contact their elected officials by visiting NORML’s Action Center.

Programs

The Cannigma

MARCH 12, 2021

But I imagine, it’s all connected that it also has an effect on like a product development and even cultivation and R&D perspective, if there’s less of a market, if there’s more money to be made on the recreational side, that these products are also not being developed as much, which is probably the biggest shame.

Legalization

Canna Law Blog

JANUARY 6, 2023

The California Department of Tax and Fee Administration ( CDTFA ) is the California cannabis agency that oversees state-level cannabis taxation. Under state law, CDTFA collected both a cultivation tax and an excise tax. In 2022, that all changed when the state adopted tax reforms.

Collective

NORML

APRIL 2, 2019

Harris wrote in her book The Truths We Hold. 1/4/19), SB 5131: Amends the state’s medical cannabis law so that qualified medical marijuana patients and designated providers can purchase immature plants, clones, or seeds from a licensed producer. ” Sen. Kirsten Gillibrand.

Marijuana

Canna Law Blog

JULY 25, 2023

“Farm Bill compliant CBD” The 2018 Farm Bill is one of the least understood laws on the books, in my view. All it did was remove hemp from the Controlled Substances Act (CSA) and give the USDA authority to regulate the cultivation of hemp. For years, our firm has researched CBD laws in all 50 states.

Hemp

Canna Law Blog

FEBRUARY 17, 2023

A few years ago I wrote a somewhat tongue-in-cheek blog post titled, “Cannabots – Are the Robots Coming For Your Weed,” which discussed the application of robotics to the cultivation of marijuana. ChatGPT seems to follow a dry book report format. I asked ChatGPT some questions about marijuana and I asked it to write a blog post.

Banking

Cannabis Law Report

DECEMBER 1, 2019

This conflict between federal and state law has raised concerns among CPAs providing services to the marijuana industry. States Legalizing Marijuana. Barr also noted that Congress needs to make a decision as to whether federal law should be changed or followed. 15, 2019, [link] ).

Marijuana

Cannabis Law Report

MARCH 25, 2019

Congress could pass a law that would legitimate marijuana activities, but only to the extent an individual or commercial enterprise acts within the letter of state law. State-compliant cannabis activity would no longer violate federal criminal law. Emphasis added).

Banking

Cannabis Law Report

OCTOBER 17, 2019

As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. CBD candles and outdoor grow lights for home cultivation) are expected to embrace cannabis to various degrees.

Law

Veriheal

FEBRUARY 1, 2021

” Another Scientist is Suing to Cultivate Research Grade Cannabis. District Court for the District of Massachusetts against the United States Drug Enforcement Agency. Back in 2016, the DEA said they were starting the process of approving “additional marijuana cultivators.” ” So, what happened?

DEA